Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (150188)	9/25/2008 11:14:03 AM
From: SGJ	Read Replies (2) \| Respond to of 306849

I just got two trucks financed for my business at under 6%, no problem whatsoever. I asked the finance guy if there was any problem closing deals due to tight financing. He said not at all.

To: patron_anejo_por_favor who wrote (150188)	9/25/2008 11:23:38 AM
From: MulhollandDrive	Read Replies (3) \| Respond to of 306849

i saw that too....he defines the problem correctly all you have to do is look at the 9% rate on the jumbo loans to understand the very real risk aversion... and the point is the fundamental REASON for the risk aversion is sound....home prices will continue their slide .... all of the bailouts starting with the TSLF has allowed the bankers to continue to keep the toxic waste on their books, and yet they won't lend because have to repair their balance sheets and the bailout will only perpetuate this ability to kick the can down the road.... wait till people begin to realize that the banks will continue to have restrictive lending policies until the RE market finishes CORRECTING btw, yesterday i was in my bank (US bank) and i jokingly asked the teller so tell me, is usbank still making loans? answer yes.....'so i can still get a car loan? consumer loan?' answer yes.... the bottom line is banks will lend IF you qualify....the've raised qualifying standards to correct the loose lending standards that got in this mess to begin with (of course not fannie and freddie....i posted yesterday they're considering loosening standards) one interesting tidbit i picked up in my conversation with her...i asked were they experiencing any 'bank run' activity, and she didn't know what that was...so i asked have you had people coming in, closing their accounts and taking CASH....she said they've gotten a few of those so there is real fear out there